How to Extend Credit Card Limit SBI? The use of credit cards in India has multiplied. According to RBI data, 58.69 million credit cards were in use in September 2020. All credit cards have fixed limits on their use, which are determined based on various factors such as the applicant’s income, credit score, credit, other loans, and so on.
Table of Contents
The different types of credit card limits for an SBI credit card are:
- SBI Card Total Credit Limit – This is the total amount available to spend on your credit card. For example, your SBI credit card may have a credit limit of Rs 100,000. This amount decreases as you make purchases/payments. It is replenished while you pay your credit card bill.
- Available credit limit SBI card – This is the amount that can be spent during a certain period. For example, with a credit limit of Rs 1 lakh, if you have already spent Rs 25,000, the available credit limit would be Rs 75,000.
- SBI Card Cash Limit – A credit card can also be used to withdraw money from an ATM. The maximum amount of cash that can be withdrawn with a credit card is called the cash limit. A card’s cash limit is usually set at 10% of the credit limit.
At any time you may feel the need to increase your credit limit on your SBI credit card, learn more about the different ways you can do this.
How To Extend Credit Card Limit SBI
With an increased credit limit, more charges may be charged to your credit card. With SBI you can increase your credit limit in 2 different ways.
- Pre-approved credit limit increase offer
- Credit limit increase based on your request
How to extend credit card limit SBI through a pre-approved offer?
Before proceeding with the necessary steps to increase your credit limit through a pre-approved offer, please note that only select SBI credit card users will receive pre-approved offers. These offers are published based on the risk and credit assessment performed by SBI.
Eligible credit card holders can receive information about the pre-approved offer via their registered mobile phone number via SMS, email, on their monthly credit card statement, or in the post-start login area on the SBI card website.
Steps involved in increasing the pre-approved credit limit
There are several ways you can increase your credit limit after you have been pre-approved. The beauty of a pre-approved credit limit increase is that you do not submit any documents to increase your credit limit.
By logging into the SBI Cards website
You can follow these steps on the website to increase your credit limit
- Log in to SBI’s exclusive website for cardholders.
- Click on the “Offers or Benefits” tab on the left
- Look for the “Increase Credit Limit Offer” button and click the Submit button.
Via the ILA Chatbot on the SBI map website
The ILA (Interactive Live Assistant) chatbot can be found at the bottom right of the screen on the SBI card website
You can request the credit limit increase consultation and follow the steps guided there to increase your credit limit.
- You can log in to SBI’s dedicated credit card website, www.sbicard.com, to accept the limit upgrade.
- Log in to your account, click on ‘Offers or Benefits’ in the menu on the left, find ‘Credit Limit Increase Offer’ in your account, and click submit. Your acceptance is automatically sent to the bank.
How to extend credit card limit SBI Via Text Message
After receiving your pre-approval message, you can easily increase the limit by sending a text message. You can text the following INCR code XXXX (last 4 digits of your credit card) to 5676791 from your registered mobile number to increase your credit limit.
Call the SBI Card customer service number
Upon prior approval, please call customer service numbers 1860-500-1290, 39-02-02-02 (local STD code prefix), or 1800-180-1290 and follow the IVRS process to provide your consent. to increase the credit limit on your credit card.
How to extend credit card limit SBI on Request?
You may need a higher credit limit than approved by SBI. You can then request to increase the credit limit.
Steps to request a credit limit increase
You can call the SBI Cards customer service number at 39-02-02-02 (local STD code prefix) or 1800-180-1290 and ask the customer service representative if you are eligible for a credit limit.
Unlike a pre-approved credit limit increase offer, an on-demand credit limit increase requires the submission of income documents. This is necessary to assure the bank that you are well positioned to handle the increase in your credit limit.
The accepted documents for increasing the credit line with income documentation are:
- Shape 16
- Payment slip of the last 2 months
You can send electronic copies of the documents by post via this link. Or you can also send hard copies of the documents to the address given here
DLF Infinity Towers, Tower C, Floor 10-12,
Block 2, Building 3, DLF Cyber City,
Gurugram – 122002
Your credit limit may increase based on the evaluation of your documents and SBI Card’s internal risk policy.
Points to consider when introducing an increased credit limit
Increasing your credit limit may seem like a nice feature at first, but there are a few things to keep in mind before increasing the credit limit on your credit card.
An increased credit limit may incur more costs, make sure you can handle it.
If you lose your card or if your password is compromised, you could be scammed out of a larger amount. So don’t forget to set limits/block your transactions for eCommerce/POS transactions so you can protect your card.
A higher cash limit can also cause similar concerns.
On the other hand, a higher credit limit can help lower your credit utilization ratio, which in turn can increase your credit score.
Everything you need to know about SBI credit card upgrade and upgrade?
While a credit limit increases the amount you can spend on your credit card by giving your card a higher limit, a credit card upgrade means you get a higher category of credit cards that may give you better benefits. These benefits can include more reward points, a higher tier of lounge access when you travel, co-branding/partnership benefits, etc.
However, keep in mind that it is possible to get better benefits with a higher annual fee or a higher minimum spend throughout the year. Make sure you fully understand these factors before requesting a credit card upgrade.
How do I check if I am eligible for a Pre-approved Credit increase offer?
Though all eligible customers are informed via SMS, alternatively you can also check your eligibility for a Pre-approved credit increase offer.
Login to sbicard.com and click on the ‘Offers’ or ‘Benefits’ tab on the left-hand side. Check for any credit limit increase offer on your account & click on the ‘Submit’ button.
In case you are eligible, then send SMS ‘INCR XXXX’ (last 4 digits of your card number) to 5676791 from your registered mobile number, or write to us at sbicard.com/email.
Alternatively, call us on the helpline number at 39 02 02 02 (prefix local STD code) or 1860 180 1290.
Frequently Asked Questions – How To Extend Credit Card Limit SBI
How to check SBI Credit Card Limit?
There are various ways of checking the SBI credit card credit limit. You could either log on to the SBI Card Mobile app or the SBI card website to know your limit. You could send an SMS in the format -AVAIL XXXX (last 4 digits of your card) to 5676791 to know your card limit. Your monthly credit card statement also has information about credit card limits and cash limits.
How to decrease the SBI credit card limit?
You could apply for a decrease in credit card limit by calling the customer care numbers for the SBI Credit card.
How can I increase my SBI credit card limit by SMS?
If you have a pre-approved offer for an increase of credit limit, you could send an SMS with the following code INCR XXXX (last 4 digits of your credit card) to 5676791 from your registered mobile number to get your credit limit increased.
SBI offers a free credit card to those with no credit history. Should you go for it?
A credit card may be a good way to build your credit history. It may be a good idea to go in for a free SBI credit card, but make sure you use the card judiciously and pay back the outstanding balance in full at the end of each billing cycle.
How do I become eligible for a Credit Limit Increase (CLI) on SBI Credit Card?
A Credit Limit increase can either be a pre-approved offer from the bank’s end where a risk assessment is done before rolling out an offer. Similarly, when you request a credit limit increase, the bank will go through your income documents before approving your request.
How can I get my Credit Limit increased for a Pre-Approved offer?
There is no way to apply for a pre-approved offer. These offers are rolled out from the bank’s end based on their risk/credit assessment of the existing credit cardholders.
How often can I get my credit limit increased?
There is no fixed duration after which you can apply for a credit limit increase. But frequent requests for credit limit increases may make you look like a credit-hungry individual and result in a credit limit decrease. Most credit issuers offer you a credit limit increase if you demonstrate good credit card usage like paying back the bill in full and not maxing the credit limit often.